And from the Collections Trust briefing paper, note this useful observation:
“According to the study, where cultural institutions are reporting revenues on the commercial licensing of re-use, the returns appear to be marginal. In a significant number of cases, the cultural institutions are not accounting the full economic cost of production, distribution and preservation in the calculated return on licensing activity.”
Just how many public sector organisations calculate the REAL costs (including opportunity costs) of their so-called income-generating activities? This is often not something that elected members seem to understand either.
Cheers
Richard
Richard Taylor BA MArAd | Archives & Local History Development Manager
City of York Council | Libraries & Heritage
18 Back Swinegate | York YO1 8ZD
YORK: GATEWAY TO HISTORY - our major project to transform access to 800 years of York's archives. www.yorkgatewaytohistory.org.uk